Parkit Enterprise (TSE:PKT) has released an update.
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Parkit Enterprise Inc. has announced a strong second quarter in 2024, with a notable 16% increase in same property net operating income (NOI) and a significant growth in net rental income and margins. The company secured a new 25,000 square feet lease and renewed existing leases at higher rates, maintaining a robust balance sheet with predominantly fixed debt. Parkit’s disciplined acquisition strategy and operational efficiency have positioned it for expected revenue and funds from operations (FFO) growth in the coming year.
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